Blog
TalentPro’s Human Resources blog is a knowledge portal where we discuss the latest and best practices related to the Human Resources Industry. The portal educates the reader in various areas of interest such as Payroll, Compliances, Staffing, Human Resource Management Services (HRMS), Recruiting, etc.
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Payroll and its components
An inevitable aspect of HR, which often gets overlooked, or worse, tossed over is the payroll. Perhaps one of the most important details that fall under the job of an HR professional and/or their employee is the payroll, but unfortunately,…
Across the Globe, Future of Employee Payroll in Cryptocurrencies
Evolution of Cryptocurrency Handling of money, often one of the most anxiety inducing jobs, has taken an even larger toll since the introduction of crypto currency. It has led to sleepless nights and aimless days of calculating and processing the…
How A Payroll Systems Works
When we consider systems, we always think of an application – offline or online. But, that is a narrow way of looking at things. Many systems, such as production systems, train systems etc incorporate a much broader set of activities and structures. In the case of a Payroll System, we are essentially looking at how…
Why Is Third-Party Compliance Management Important Especially For SMEs?
The Need for Compliance The other day I met a Company Secretary who was desperate to delink himself from his current employer and look for a ‘better’ employer. His grouch? In spite of his sincere efforts, his current employer was…
Where is HRMS Going in 2017?
The world is changing rapidly. Companies such as Uber is changing the way business is conducted. The latest is Uberisation, a process by which companies have a mixture of employees and external experts or professionals who are hired as consultants.…
The Influence of Compliance Management for Business Success
India is changing today. The government is introducing GST to ease taxation hassles and make it easy for individuals and business to remit their taxes through a single online portal. Even income tax is being made simpler for e-filing and…
Payroll – Finance or HR – Whose job is it?
Payroll is the statement of salary payments to be made to employees of a company. It is a routine but one of the essential activities in an organisation, and if there is no Payroll, there is no salary. Many employed people may have experienced and know what it is like when the monthly salary is delayed. It is not at all a pleasant feeling. Payroll means money, but it is…
5 Key trends that are Transforming the IT staffing industry
New trends in the IT staffing industry are not a new thing. We find that every year new processes, tools and methodologies that are taking the IT staffing industry by storm. To stay relevant in this fiercer industry, you must be familiar with the present trends and implement those latest technologies and changes. If you fail to move with time, you may lose out in the ultimate race and may…
Human Resource Management System (HRMS) – A Real X Factor
What Is HRMS? HRMS is a comprehensive IT-based tool that can effectively and efficiently manage all your Human Resource (HR) needs. An HRMS can handle all activities under Employee Recruitment, Employee Management, and Employee Development. This means that an HRMS can bring under its umbrella all the levels of employees like topmost employees, senior employees, mid-level employees, junior employees, non-executive cadre, full-time employees, part-time employees, contract staff, etc. As per…
Labour Law Compliance Checklist 2019
Labour Law compliance checklist is nothing but a set of standard terms or conditions of employment. It may refer to several regulatory compliances including minimum wages act, work men’s compensation act, contract labor act, factories act, etc. For carrying out business, companies are required to meet statutory compliance requirements. There are various laws and acts that a business needs to follow. Failure to comply with the regulations may lead to…
Why Statutory Compliance Outsourcing is important for small businesses in India?
Manufacturing Organisations Service Organisations Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 25 lakh rupees Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 10 lakh rupees Small scale – businesses whose plant, machinery, equipment, assets etc does not exceed 5 crore rupees Small scale – businesses whose plant, machinery, equipment, assets etc does not exceed 2 crore rupees Medium scale…
Top Corporate Compliance Issues in 2019: How to Keep your Company Safe
Corporate Compliance refers to the various rules, regulations and laws of an area, region or country that a company or business has to follow or comply with. These compliances are a combination of guidelines for a corporate for both; it’s internal and external governance. Corporate Compliance is not only compulsory but also ensures that an organization is protected and safe. It is also very safe to say that non-compliance affects…